The hype surrounding generative AI appears to be ill-founded, with numerous drawbacks plaguing the technology leading to disappointments and setbacks for businesses that invested in it. Issues such as misinformation, plagiarizing, high energy consumption, and unreliability are casting doubts on the practicality and dependability of generative AI. According to cognitive scientist Gary Marcus, businesses […]
Darren Shimkus, former president of Udemy, and Dennis Yang, ex-CEO of Udemy, have teamed up to tackle the challenge of skills building in the corporate sector with their new startup, Modal. Modal provides personalized technical skills training for companies, offering on-demand coaching and a pedagogical approach that groups users into semi-structured online learning communities. The […]
Salesforce, a prominent CRM company led by Marc Benioff, has unveiled plans to enhance Mulesoft’s automation, integration, and API management solutions with new AI tools shortly after launching Einstein Copilot for Tableau. These new features set to roll out in the upcoming months include an Intelligent Document Processing tool for extracting and organizing data from […]
In a recent report by BrightEdge, the AI-first search engine Perplexity is gaining traction by showing promising referral traffic growth and relevant search results. Despite concerns about the impact of AI on SEO efforts, the study indicates that Perplexity is effectively directing traffic to brand websites. Perplexity’s success is viewed as a potential threat […]
OpenAI’s latest AI tool, Sora, which generates videos from text prompts, has sparked controversy over potential copyright infringement issues. The uncertainty surrounding how Sora is trained, including the use of YouTube content, has prompted a response from YouTube’s CEO Neal Mohan. Mohan made it clear that using YouTube videos to train Sora would violate the […]
Hume AI, a startup co-founded by former Google DeepMind researcher Alan Cowen, recently secured $50 million in a Series B funding round led by EQT Ventures. The startup’s focus lies in developing an AI assistant and API that can understand and respond to human emotions, even in voice conversations. Unlike traditional text-based chatbots, Hume AI’s […]
Apple will reveal its expansion into artificial intelligence (AI) at the annual Worldwide Developers Conference, held at Apple Park from June 10 to June 14. Though not explicitly mentioned in the event details, AI is expected to be a significant topic, especially in relation to iOS 18. CEO Tim Cook has promised advancements in AI, […]
Amazon finalizes its $4 billion investment in AI startup Anthropic, marking its largest venture investment to date. This partnership aims to advance generative artificial intelligence applications across organizations worldwide. Anthropic recently unveiled the Claude 3 family of large language models, surpassing rivals like OpenAI. Amazon has integrated some versions of Claude 3 into its Bedrock […]
Three leading decentralized AI projects—Fetch.ai, SingularityNET, and Ocean Protocol—have revealed plans to merge and form the Superintelligence Collective, aiming to establish the largest decentralized AI ecosystem globally. This merger, pending community approval, is intended to advance progress towards decentralized Artificial General Intelligence (AGI) and eventually Artificial Superintelligence (ASI). The three projects—Fetch.ai, SingularityNET, and Ocean Protocol—bring […]
Nvidia and Amazon Web Services (AWS) share a common thread of serendipity in their business evolution, both discovering lucrative opportunities beyond their initial intents. AWS leveraged its internal services for external profit, while Nvidia found unexpected success with GPUs in AI processing. This has propelled Nvidia’s revenue growth significantly in recent quarters, hitting $22.1 billion […]
Emad Mostaque, the CEO of Stability AI, has announced his departure from the company to pursue decentralized AI, leading to the appointment of interim co-CEOs, Shan Shan Wong and Christian Laforte. Mostaque’s decision comes amidst internal changes at Stability AI following the resignation of key developers and researchers. The departure of three out of the […]
Pfizer, the renowned pharmaceutical giant, has introduced a cutting-edge AI platform named “Charlie,” paying homage to the company’s co-founder Charles Pfizer. This innovative platform marks a significant milestone as Pfizer delves into enhancing content supply chains and reshaping its marketing landscape. “Charlie” is currently being integrated into Pfizer’s marketing organization, involving hundreds of staffers in […]
Salesforce has unveiled its public beta release of Einstein Copilot, a conversational AI assistant designed to enhance interactions with data and workflows for Salesforce users. The technology, initially introduced as a prototype at the Dreamforce conference in 2023, offers a more open and intuitive integration of AI capabilities than previous offerings by Salesforce. Clara Shih, […]
Microsoft has discovered a winning formula to help users develop an AI habit that can streamline their everyday workflow. According to their research involving 1,300 Copilot for Microsoft 365 users across various industries, they found that users begin to derive value from AI when it saves them a mere 11 minutes a day – a […]
The Financial Times has introduced a new generative AI chatbot called Ask FT, designed to provide subscribers with curated natural language answers to a wide range of questions using decades of published information. This tool, akin to other generalized AI bots like ChatGPT and Copilot, draws on the outlet’s extensive archives to offer reliable responses. […]
Nvidia is in advanced talks to acquire Run:ai, an AI infrastructure orchestration and management platform, in a deal valued at potentially hundreds of millions to $1 billion. Run:ai recently secured $75 million in funding in March 2022, bringing its total funding to $118 million. Founded in 2018 by Omri Geller and Dr. Ronen Dar, Run:ai […]
Saudi Arabia is planning to establish a $40 billion fund to invest in artificial intelligence, making it the world’s largest AI investor. The fund, spearheaded by the Public Investment Fund, aims to partner with Silicon Valley’s Andreessen Horowitz and other financiers. This initiative reflects Saudi Arabia’s strategy to diversify its economy, demonstrating global business ambitions […]
Databricks has announced the acquisition of Lilac, a Boston-based startup focused on tools for data understanding and manipulation. The terms of the deal were not disclosed. By bringing Lilac’s team and technology into its data intelligence platform, Databricks aims to enhance users’ ability to improve data quality for developing large language model (LLM) applications. […]
Mustafa Suleyman, one of the original co-founders of DeepMind, alongside his Inflection co-founder Karén Simonyan, and other team members from Inflection, have joined Microsoft to establish a new division called Microsoft AI. Microsoft CEO Satya Nadella announced this move, with Suleyman appointed as EVP and CEO of Microsoft AI, and Simonyan as Chief Scientist. Suleyman […]
Artificial General Intelligence, or AGI, stands as a pivotal advancement within the realm of artificial intelligence, offering capabilities beyond specialized tasks performed by narrow AI. AGI, often dubbed “strong AI” or “human-level AI,” signifies a future where machines excel at a wide range of cognitive functions comparable to or exceeding human levels. While addressing the […]
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